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PAYCHEX INC
PAYCHEX INC. Institutional holdings reported to the SEC.

Institutional Holders (2016Q3)
Portfolio Summary: 885 Institutional holders with a total value of $14,484,213,614.
#
Manager Name
Shares
Value ($)
%
Options
Notes
301 BROWN ADVISORY INC 61,162 3,540,000 0.02%
302 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 60,541 3,504,000 0.02%
303 D.A. DAVIDSON & CO. 60,399 3,493,000 0.02%
304 CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. 60,101 3,477,000 0.02%
305 WOODMONT INVESTMENT COUNSEL LLC 59,638 3,451,000 0.02%
306 Bell Bank 59,302 3,432,000 0.02%
307 Utah Retirement Systems 58,921 3,410,000 0.02%
308 Cubist Systematic Strategies, LLC 58,311 3,374,000 0.02%
309 VALLEY NATIONAL ADVISERS INC 58,227 3,370,000 0.02%
310 STONE RUN CAPITAL, LLC 58,212 3,369,000 0.02%
311 LINCOLN NATIONAL CORP 57,812 3,346,000 0.02%
312 PEAK6 Group LLC 57,600 3,333,000 0.02% Put
313 DF DENT & CO INC 57,560 3,331,000 0.02%
314 TRUST CO OF VERMONT 57,300 3,316,000 0.02%
315 Asset Management One Co., Ltd. 57,418 3,284,000 0.02%
316 Meiji Yasuda Asset Management Co Ltd. 56,488 3,269,000 0.02%
317 MORGAN DEMPSEY CAPITAL MANAGEMENT LLC 55,349 3,203,000 0.02%
318 BURNS J W & CO INC/NY 54,898 3,177,000 0.02%
319 WENDELL DAVID ASSOCIATES INC 54,675 3,164,000 0.02%
320 Coastline Trust Co 54,390 3,148,000 0.02%
321 Tributary Capital Management, LLC 54,000 3,125,000 0.02%
322 CROSSMARK GLOBAL HOLDINGS, INC. 52,010 3,119,000 0.02%
323 SUSQUEHANNA INTERNATIONAL GROUP, LLP 52,700 3,050,000 0.02%
324 TCW GROUP INC 52,618 3,045,000 0.02%
325 CIBC Asset Management Inc 50,784 2,939,000 0.02%
326 Mitsubishi UFJ Asset Management Co., Ltd. 49,863 2,886,000 0.02%
327 MANNING & NAPIER ADVISORS LLC 49,804 2,882,000 0.02%
328 Mount Lucas Management LP 49,651 2,873,000 0.02%
329 RATIONAL ADVISORS, INC. 49,600 2,870,000 0.02%
330 RAYMOND JAMES TRUST N.A. 49,308 2,854,000 0.02%
331 COMMUNITY BANK & TRUST, WACO, TEXAS 49,199 2,847,000 0.02%
332 AUXIER ASSET MANAGEMENT LLC 48,335 2,797,000 0.02%
333 American Money Management, LLC 46,834 2,710,000 0.02%
334 Boston Trust Walden Corp 46,685 2,701,000 0.02%
335 KBC Group NV 45,830 2,653,000 0.02%
336 BOKF, NA 45,225 2,617,000 0.02%
337 SWISS LIFE ASSET MANAGEMENT LTD 44,993 2,598,674 0.02%
338 Mariner Wealth Advisors-Cincinnati, LLC 44,824 2,594,000 0.02%
339 Bollard Group LLC 44,802 2,593,000 0.02%
340 Gotham Asset Management, LLC 44,773 2,591,000 0.02%
341 NUVEEN ASSET MANAGEMENT INC. 44,484 2,574,000 0.02%
342 Ranger International Management, LP 44,360 2,567,000 0.02%
343 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 44,176 2,556,000 0.02%
344 Freestone Capital Holdings, LLC 44,018 2,547,000 0.02%
345 Echo Street Capital Management LLC 43,961 2,544,000 0.02%
346 ADVISORS MANAGEMENT GROUP INC /ADV 43,853 2,538,000 0.02%
347 MASON STREET ADVISORS, LLC 43,407 2,512,000 0.02%
348 EASTERN BANK 42,959 2,486,000 0.02%
349 CHEMUNG CANAL TRUST CO 42,266 2,446,000 0.02%
350 ZURICH FINANCIAL SERVICES/ /FI 42,044 2,433,000 0.02%
Page 7 of 18

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.